Deseret Evening News | 1907-01-07 | Page 10 | Eastern Parties in Cottonwoods

I EASTERN PARTIES S SI I I Control of Laura May Mine I Passes Into Co Control of strong Syndicate NEW COMPANY FORMED Boe Block of Stock Placed III n a Vigorous Cain An n dell deal was con consummated um mated 11 In Philadelphia u a tow fow days das ago ngo affecting I it wel well known pro property property perty II in tho thiO Little Cottonwood I dl this transaction tI Through I the Laura Lul Lullay a control of at the property or of Nay lay Old Silvor und antI Copper MIning hal lies passed to he heavy loan cia interest who have organized the Laura May Copper company The Tho capital ot of the now corporation is 19 shares whereas tho old ono one had shares Holders ot of the latter laUer wi will bo be given two share II in the nel new corporation for tor every even one they hold held In the tho old I It was today that I shares of o the new Issue hal had been beon 11 as preferred stock nt at tIm Iho rate of at 1 a hare which gives the corn com coman I an ample funds to inaugurate and carr carry out 11 Its plan of at Former Mayor n It P Morris MorrisH H 11 L D 13 rk f und and W LI D Mathis of at this cl city are ra represented on the board of at dIrector The later latter makes the tho state stat ment that development work Is t to bo be Inaugurated immediately and that Mr I Dorkey ler loft town this morIng morning with seven men for tor that purpose The Tue property owned b by the c Is ha situated d noar the Con Jefferson mine and between Willow Creek and Bg BIg Coton canyon A ht Iia been riven for tor a distance ot of 1100 feet Iet und and Is to bo be continued to 10 the contact between tile the granite and formation where It Is some important ore bodies conta values IU In gold old silver Ind and copper wi be e Mr DErke Berkey Is to have hao charge chargo or of mine development